Fueled by the growing focus on patient safety and
technological advancements, the healthcare/medical simulation industry has
experienced significant growth over the past decade, except for the past 3 to 4
years, where the market witnessed slow growth due to the global recession. A
pivotal factor in the growth of this market has been high fidelity
mannequins/patient simulators, which have witnessed substantial growth in
recent years owing primarily to recent technological advancements that have
created highly realistic simulators competent of very high levels of fidelity.
Increasing healthcare costs, rising demand for minimally invasive treatment,
and increasing consolidation of manufacturers further propels the market.
However, the high cost of simulators, economic slowdown in the developed
region, and limited availability of funds inhibits the growth of the market, to
a certain extent.

The global
healthcare/medical simulation market is broadly segmented into products and
services. The market was valued at $790.1 million in 2012 and is poised to grow
at a CAGR of 19.6% in the forecast period to reach $1930.5 million by 2017.

North America is
the largest market for healthcare/medical simulation, with the U.S.
contributing a major share, followed by Europe, and Asia. The Asian market,
especially India and China, is expected to witness a boost in demand for
medical simulation products and services and is poised to register maximum
growth over the next five years, as a result of its economic development.

This research
report largely categorizes the global market for healthcare/medical simulation
into products and services. This market is broken down into segments and
sub-segments, providing exhaustive value analysis for 2010, 2011 and 2012, as
well as forecast up to 2017. The market is also evaluated by end-users and
comprehensively analyzed at a granular level by region (North America, Europe,
Asia, and Rest of the World (RoW).

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